BUZZ-German sportswear stocks edge lower after Lululemon slashes guidance

Reuters
Yesterday
BUZZ-German sportswear stocks edge lower after Lululemon slashes guidance

** Shares in German sportswear brands Adidas ADSGn.DE and Puma PUMG.DE edge down in early Frankfurt trade, with a trader pointing to pressure from peer Lululemon's LULU.O guidance cut

** The trader calls it a "sentiment story" after Lululemon's shares tanked 22% post-market following the cut which executives blamed on higher tariff-related costs and more markdowns

** Adidas is down 1.6%, at the bottom of Germany's blue-chip index .GDAXI, while Puma is 0.6% lower in early Frankfurt trade

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10